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InvestingScope

AUDNZD: Higher sell opportunity.

Short
Australian Dollar / New Zealand Dollar (FX:AUDNZD)  
InvestingScope  
FX:AUDNZD   Australian Dollar / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators AUDNZD aud NZD Forex australiandollar newzealanddollar Currencies currency
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trendanalysis chartpattern indicator audnzd aud nzd forex australiandollar newzealanddollar currencies currency
The pair is on a 1D descending channel (RSI = 54.741, MACD = 0.001, Highs/Lows = 0.0000) that made a Lower High last week but we expect to break higher due to the larger 2 year formation on 1M which is a Descending Triangle. This calls for a Lower High within the highlighted zone (red) before a deeper decline towards the 1M Support. Our target is 1.05000.





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